Malaysia legislation

Section 11

of TIN INDUSTRY (RESEARCH AND DEVELOPMENT) FUND ACT 1953

Section 11

The Board shall divide the moneys of the Fund into two parts to be known as—

(a)

the Publicity Fund, which shall consist of such an amount from the moneys paid into the Fund in accordance with subsection 8(4) as may be certified by the Minister of

11

Tin Industry (Research and Development) Fund

Finance to have been collected for publicity purposes, together with any moneys collected as a cess for publicity purposes imposed under an order made under subsection 8(1), the total amount of which so made up shall be applied to the Committee in the discharge of its functions;

and

(b)

the Research, Development and General Purposes Fund, which shall consist of the balance of the moneys paid into the Fund in accordance with subsection 8(4) after deducting from such moneys the amount paid into the

Publicity Fund in accordance with the immediately preceding paragraph of this section, together with any moneys collected as a cess or cesses for any of the purposes prescribed in section 3, other than for publicity, imposed under an order made under subsection 8(1).

Accounts of Fund